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our fiscal cliff-mas gift today alan smith gets down gangnam style. what the senator is saying about the video that's gone viral watching the daily rundown only on msnbc. u see this? oh, let me guess -- more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. restore revive rejuvenate rebuild rebuild rebuild when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as
our fiscal cliff-mas gift today alan smith gets down gangnam style. what the senator is saying about the video that's gone viral watching the daily rundown only on msnbc. u see this? oh, let me guess -- more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills....
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who do you trust to handle the fiscal cliff? 48% believe
who do you trust to handle the fiscal cliff? 48% believe
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the idea we're at a fiscal cliff where the economy stops on january 1st is completely misleading. it's a squeeze. everyone will feel it, but then you're in a position where everyone can vote to cut taxes. that might be more politically feasible. >> i like that perspective. you help us take out some of the fear mongering we see, a lot of the media is perpetuating. that's why we're doing the fiscal follies and the wheel of fortune. fiscal fiesta. the media is doing all this fear mongering and you get a lot out of washington. this is a self-created drama, of course. these cliff negotiations. but the markets are remaining relatively calm and steady. why are investors being so cool and above the fray when everybody else is running around with their heads cut off? >> everybody thinks what you see on tv with the duelling positions and we refuse to negotiate, the market sees it for what it is, which is theater. everyone is staking out the position trying to suck up to the base. there will be behind the scenes caving at some point, and if there isn't, if everyone just says absolutely not,
the idea we're at a fiscal cliff where the economy stops on january 1st is completely misleading. it's a squeeze. everyone will feel it, but then you're in a position where everyone can vote to cut taxes. that might be more politically feasible. >> i like that perspective. you help us take out some of the fear mongering we see, a lot of the media is perpetuating. that's why we're doing the fiscal follies and the wheel of fortune. fiscal fiesta. the media is doing all this fear mongering...
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cliff orifior fiscal stalemate. we'll get a live report how it works. can he get the ball rolling? congressman karen bass and conk man chris van hollen will join me to talk about where things stand. bob costas bold statement on gun control in the wake of the suicide involving javon belcher. we'll have reaction to it the. john mccain's interesting comment to john kerry at an event that took place a few hours ago. we'll play the exchange, reading any tea leaves. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lym
cliff orifior fiscal stalemate. we'll get a live report how it works. can he get the ball rolling? congressman karen bass and conk man chris van hollen will join me to talk about where things stand. bob costas bold statement on gun control in the wake of the suicide involving javon belcher. we'll have reaction to it the. john mccain's interesting comment to john kerry at an event that took place a few hours ago. we'll play the exchange, reading any tea leaves. [ designer ] enough of just...
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the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consulate as this was unfolding. >> it didn't work. now their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> democrats shot back. >> they are not only blaming her for this intelligence report, they are trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house could i write a book. >> or make an internet video. >> not be a true god-fearing person and be on a television show like that. >> that's actor angus t. jones, the "two and a half men" star caught slamming his own tv show. >> if you watch "two and a half men," please don't watch "two a
the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >>...
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and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt coupled with spending cuts but the republican controlled house says the president has not responded to their latest proposal. >> i think we made a good-faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue and frankly it was the balanced approach mr. president has been asking for. erick kanter announced today there will be no adjournment into a credible solution to the fiscal cliff is found. >> house lawmakers proposed a bill today they claim will bring the costs under control and provide a safe retirement, it creates two
and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt...
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the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road where they have more leverage. president obama was asked about that earlier this week and said he doesn't want to play the debt ceiling game anymore. that's where republicans have more leverage than then do on other matters. >> all right. senior political editor mark murray, have a great weekend, sir. >> i want to bring in congressman peter welch from vermont. good to see you again. talked to you last weekend on msnbc. at that point you told me that you thought there was a 50/50 shot we'd go off the so-called fiscal cliff. today speaker boehner said talks we
the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road...
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>>> plus, are we seeing the first signs of republicans giving ground on the fiscal cliff? oklahoma's tom cole, a member of congress says the grand old party should take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] >>> how's this for irony? mitt romney has finally captured 47% of america. remember this video that sunk the romney campaign? >> there are 47% of the people who will vote for the president no matter what. 47% who are with him, wh
>>> plus, are we seeing the first signs of republicans giving ground on the fiscal cliff? oklahoma's tom cole, a member of congress says the grand old party should take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>>...
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and every single poll shows that the republicans are losing the debate, both on the fiscal cliff and on the tax issue. they're losing the issue politically. i think they know they're losing the issue politically, and i think they know at some point they are going to have to concede a deal that are largely on president obama's terms. but they're also losing the argument with economists. if you consider what president obama put forward yesterday with a $1.6 trillion in tax increases mostly on the wealthy, every single economic study has shown that that will have virtually no impact on gdp growth. the congressional budget office did a study that showed that it would decrease gdp growth by 0.1%. virtually no impact. republicans didn't like that cbo study although they always like the cbo. so they went to crs to see if they could do another study that would differ from the cbo study. crs confirmed it. all the economists are unanimous if we're going to try to go after the debt, now that we have virtually 3% gdp growth, we want do it in a way that's least damaging to the economy. almost all
and every single poll shows that the republicans are losing the debate, both on the fiscal cliff and on the tax issue. they're losing the issue politically. i think they know they're losing the issue politically, and i think they know at some point they are going to have to concede a deal that are largely on president obama's terms. but they're also losing the argument with economists. if you consider what president obama put forward yesterday with a $1.6 trillion in tax increases mostly on the...
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i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. i think it would be irresponsible. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff because then taxes go up across the board. and then it's got to be done retroactively. >> which is not what the president wants, but there's a big difference between this fiscal cliff and the full faith and credit of the united states. the american government has never defaulted on its debt. and now there are some, not the majority of republicans but some on the extreme of the republican party and they seem to be in control, who seem to want to default on our debt. that's crazy. if they cannot be entrusted with the full faith and credit of the united states, they should not have that leverage. >> paul, where were the overtures though? where were the overtures with this deal that was presented? i mean, listen, you don't have to be mensa to know de
i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. i think it would be irresponsible. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff because then taxes go up across the board. and then it's got to be done retroactively. >> which is not what the president wants, but there's a big difference...
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. >>> the fiscal cliff, less than a month away. if democrats and republicans don't reach an agreement, everybody's taxes will go up january 1st, and as emily schmidt reports, there's been a lot of talking on the sunday talk shows but not at the negotiating table. >> reporter: it's been 16 days since president obama and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement by january 1st. 16 days to get here. >> i think we're far apart still, but i think we're moving closer together. >> i would say we're nowhere, period. we're nowhere. >> reporter: thursday treasury secretary timothy geithner proposed president obama's plan which included $1.6 trillion in tax revenue coming largely from an expiration of bush era tax cuts for families who make more than $250,000 a year. geithner says that's a must. >> there's not going to be an agreement without rates going up. >> reporter: the administration's plan also included $50 billion
. >>> the fiscal cliff, less than a month away. if democrats and republicans don't reach an agreement, everybody's taxes will go up january 1st, and as emily schmidt reports, there's been a lot of talking on the sunday talk shows but not at the negotiating table. >> reporter: it's been 16 days since president obama and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement...
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short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conse
short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the...
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in a new interview president obama says a deal to avoid the so-called fiscal cliff is still possible but not without higher taxes for the wealthy. the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlemented ientitlements i'm prepared to make, we have to see the rates on the top 2% go up. we're not getting a deal without it. understand the reason for that. it's not me being stubborn or partisan, it's a matter of math. >> and the gop plan, which was unveiled yesterday, includes $800 bill onin new taxes made through closing loopholes and deductions and not raising rates. compare that to the president's plan and that's about half of what the white house asked for. republicans propose 600 billion in entitle
in a new interview president obama says a deal to avoid the so-called fiscal cliff is still possible but not without higher taxes for the wealthy. the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient...
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especially if we go over the fiscal cliff. what top economists are saying about your investments. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of mo
especially if we go over the fiscal cliff. what top economists are saying about your investments. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us....
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and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle class families and middle class earners the most. and so it really is -- i don't want to make this about class warfare. it's really about what is fiscally smart for the economy. most economists are telling us this tax increase will not have very much impact in terms of growth. if you talk about essentially raising taxes on 98% of americans either through some kind of crazy deduction plan or just letting the bush tax cuts go, that can have a very, very severe effect on the economy. >> as usual dr. peterson makes a superb point. president clinton used to say if you want to live like a republican,
and the issues that we are going to address with this sort of fiscal cliff, fiscal slope, hill, wharf you want to call it are going to be very, very important issues. i want to clear one things up. the republicans wants to talk about deductions all the time. one of the key distinctions between letting the taxes go up a little bit on the 2% versus trying to find this money through deductions, is the fact when we're talking about capping deductions, that's something that's going to impact middle...
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cliff with a family in virginia finger-pointing and washington continues and we now know when u.s. senator mark kirk will return to the senate and kate middleton out of the hospital ottawa8k÷ç<Ñlnh@Ñçú;ho>?úuú?úttz@z.ç@o@,npón=kí8+ñ<úpkxmz7p/pípçsúoÑ÷çpefo?÷hoo[.÷úvpop?mvñ-w?[ñ;÷oóñ8é>é?@vzç÷@m p]y>w4?8úú(.ú?lpñrtyd@z@3póé÷úyú,áy0=ipw@ñ@?/;<ó@óp,wúÑ>vi÷ñúkpñpñp?é÷v@%pu@zÑxuk ♪ ♪ ♪ pop goes the world ♪ ♪ it goes something like this ♪ [ female announcer ] pop in a whole new kind of clean with new tide pods... just one removes more stains than the 6 next leading pacs combined. pop in. stand out.president obama meeting with middle-class families to discuss how the fiscal clifton heard them while the gop is accusing the president of wanting to spend more taxpayer dollars he visited a high school english teacher in virginia to talk about how we $2,000 tax hike could hurt the middle class and make it difficult to pay rent and other necessities tax cuts passed during the bush administration will expire by the end of t
cliff with a family in virginia finger-pointing and washington continues and we now know when u.s. senator mark kirk will return to the senate and kate middleton out of the hospital ottawa8k÷ç?úuú?úttz@z.ç@o@,npón=kí8+ñé?@vzç÷@m p]y>w4?8úú(.ú?lpñrtyd@z@3póé÷úyú,áy0=ipw@ñ@?/;vi÷ñúkpñpñp?é÷v@%pu@zÑxuk ♪ ♪ ♪ pop goes the world ♪ ♪ it goes something like this ♪ [ female announcer ] pop in a whole new kind of clean with new tide pods... just one removes...
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and trying to figure out every last move in the fiscal cliff? do you worry about that from your colleagues in the house? >> well, i've got to tell you, i've been here 18 years. this is going to be a negotiation between the president of the united states and house speaker john boehner. and so we have engaged in some charades over the last 18 years where we all like pretend to be working in our offices, but we're not doing anything to get this done because there's nothing we can do. this is going to be a discussion between the top leaders of the house and the white house. and when they signal -- sort of like the pope being elected. when the white smoke comes out of the capitol, we can come back and execute the deal. >> wow, i don't know how i feel about the whole pope reference, talking about congress. >> that's better than being sentenced to church, i guess. >> i suppose that is true. and, in fact, that's going to be our next story. steve latourette, always nice to have you. when you're in new york, we would love to have you come and sit down wit
and trying to figure out every last move in the fiscal cliff? do you worry about that from your colleagues in the house? >> well, i've got to tell you, i've been here 18 years. this is going to be a negotiation between the president of the united states and house speaker john boehner. and so we have engaged in some charades over the last 18 years where we all like pretend to be working in our offices, but we're not doing anything to get this done because there's nothing we can do. this is...
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called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified cuts. the president for himself he's heading to a manufacturing plant in pennsylvania today to try to sell that idea. house speaker john boehner's reaction was essentially, get serious. so we want to talk about the numbers behind this. we're going to bring in ken rogoff, professor of economics and public policy at harvard university. you heard the specifics of the plan, $1.6 trillion in new taxes, $400 billion in unspecified cuts, $50 billion in new stimulus. how does this sound to you? >> well, it certainly sounds like a plan. and i do think we have to see some mix of higher revenues starting now and fr
called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified...
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>> wait for it. >>> first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll find 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> if the nation goes over the cliff at the end of the year it is going to affect everyone including the unemployed as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay the bills. she has been what a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensation will end for more
>> wait for it. >>> first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll find 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> if the nation goes over the cliff at the end of the year it is going to affect everyone...
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fiscal cliff, no hockey. what is wrong? come on, america. >> america. like $1 billion apart. >> wow. >> sad. much different labor issue cropped up outside a wal-mart in kansas city. mom to be, get it, labor. started feeling woozie while in the checkout line. she stepped outside for fresh air. that is when her water broke. >> oh, and game on after that. >> fortunately, off duty police officer, matt fell temperatuphe personal superhero with the help of the fire fighter and salvation army bell ringer they delivered her baby girl just eight minutes later. both mother and baby are doing just fine. >> eight minute delivery. >> eight minutes. jealous of that. hope she got the receipt for the baby highlighted as she left the door that. would be good. >> i go out. >> thank you. funnyman, bill murray in a very presidential movie role. >> living longer than you can possibly imagine, maybe even want, what the seniors of tomorrow can expect from the active elderly off to day. it's coming of on "world news now." ♪ forever young forever young ♪ ♪ forever young >
fiscal cliff, no hockey. what is wrong? come on, america. >> america. like $1 billion apart. >> wow. >> sad. much different labor issue cropped up outside a wal-mart in kansas city. mom to be, get it, labor. started feeling woozie while in the checkout line. she stepped outside for fresh air. that is when her water broke. >> oh, and game on after that. >> fortunately, off duty police officer, matt fell temperatuphe personal superhero with the help of the fire...
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want to continue the conversation on fiscal cliff. this one republican has really been making news with this -- we'll call it an outside the box idea to avoid at least part of this fiscal cliff. he is suggesting to extend the bush cuts for the 98% of americans right now since at least both sides agree that has to happen and then haggle over the top 2% later. >> the republican in the middle of this all is congressman tom cole from oklahoma. congressman cole, speaker boehner and others have thrown cold water on this idea. let's clear this up right now. you still stand by this notion, pass the tax cuts for the 98% right now, deal with the 2% after the new year but essentially let those da tax breaks for the top 2% expire? >> i do think where we agree on 98%, we should take that off the table so americans don't have to worry about that. that actually strengthens our position. at the end of the day it's a discussion amongst republicans over tactic, not a division or debate. the president would be well advised if he's serious to actually br
want to continue the conversation on fiscal cliff. this one republican has really been making news with this -- we'll call it an outside the box idea to avoid at least part of this fiscal cliff. he is suggesting to extend the bush cuts for the 98% of americans right now since at least both sides agree that has to happen and then haggle over the top 2% later. >> the republican in the middle of this all is congressman tom cole from oklahoma. congressman cole, speaker boehner and others have...
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a economy goes over the fiscal cliff. economists surveyed said one and a half million americans could lose their jobs if lawmakers fail to come to an agreement and the automatic spending cut impact increases. forces are keeping an eye on some debts for a budget bill. the nasdaq gained due to a rebound by apple. the number was triggered by reports that it would lose shares to its rival google. apple is trying to regain market share from samsung. the to tech companies are back in court today to get it out over a $1 billion patent fight. meantime nationwide insurance is warning customers that its computers networked had been attacked. customers' names birth dates social skirted numbers and driver's license numbers were likely stolen. nationwide is apologizing and are offering customers an identity that protection for one year. start planning did vacations, walt disney new fantasyland is officially open. this is after what may be the biggest expansion in the orlando parts 41 year history. the estimated $300 million magic king
a economy goes over the fiscal cliff. economists surveyed said one and a half million americans could lose their jobs if lawmakers fail to come to an agreement and the automatic spending cut impact increases. forces are keeping an eye on some debts for a budget bill. the nasdaq gained due to a rebound by apple. the number was triggered by reports that it would lose shares to its rival google. apple is trying to regain market share from samsung. the to tech companies are back in court today to...
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. >>> this morning, less than a month now before the big federal fiscal cliff. and we have some details on a war of word between treasury secretary tim geithner and house speaker john boehner. we will also update you on where the negotiations stand. right now by all accounts it is deadlocked right now with the clock continuing to tick down. >> a little testy. a little heated there. >>> and later this half hour, this year's gift wrap champ is here with her expert advice. find out how to wrap the most difficult presents, including a guitar, a candle, which is always difficult around the holidays to give. hope you don't give jenny a candle. >> i will light her fire, but not giving her a candle. you like to wrap. did you learn anything? >> i am horrible at wrapping, but i wanted to learn and get better. so i actually learned some great tips. >> take it to the lovely lady in the mall. >> i will wrap you. >> safety first. wrap it up. >>> but first, 62,000 football fans filled arrowhead stadium in kansas city the day after jovan belcher killed his girlfriend and then k
. >>> this morning, less than a month now before the big federal fiscal cliff. and we have some details on a war of word between treasury secretary tim geithner and house speaker john boehner. we will also update you on where the negotiations stand. right now by all accounts it is deadlocked right now with the clock continuing to tick down. >> a little testy. a little heated there. >>> and later this half hour, this year's gift wrap champ is here with her expert advice....
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Dec 6, 2012
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wa wall street is saying about the fiscal cliff. plus kate out of the hospital but is she out of the woods. she's out of the hospital after battling a treatment for severe morning sickness. we get a report from london straight ahead. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. avoid bad.fats. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains a
wa wall street is saying about the fiscal cliff. plus kate out of the hospital but is she out of the woods. she's out of the hospital after battling a treatment for severe morning sickness. we get a report from london straight ahead. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day!...
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Dec 7, 2012
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the fiscal cliff is bad, but not irretrievable. you can go into january and still put the pieces back together. as you know, defaulting on the debt is irretrievable thing. that's the economic equivalent of a nuclear weapon. that is a big dynamite compared to the fiscal cliff crew having said that, as they get to the year end, i think they'll say we'll vote to extend middle class tax cuts. our leverage is greater because it's the nuclear bomb so they can increase their leverage as they move toward a vote. we may end up into january early february negotiating again about a debt ceilingle. >> that would be very hazardous. an economic nuclear deterrent is only effective if you're ready to set it off. i'm not saying there aren't tea party republicans that would be willing to tank the economy on this, but i think republicans really hand if they think they're going to get a lot of leverage out of this debt ceiling. they may think that. but people remember that episode more than a year ago and it really backfired. it backfired. so you'd ha
the fiscal cliff is bad, but not irretrievable. you can go into january and still put the pieces back together. as you know, defaulting on the debt is irretrievable thing. that's the economic equivalent of a nuclear weapon. that is a big dynamite compared to the fiscal cliff crew having said that, as they get to the year end, i think they'll say we'll vote to extend middle class tax cuts. our leverage is greater because it's the nuclear bomb so they can increase their leverage as they move...
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Dec 4, 2012
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they're all concerned about the upcoming fiscal cliff. u.s. factory productions-- hope seems to be growing dimmer that we will avoid this. >> watching pandora. the internet radio co. will be giving their quarterly numbers. the airports have been shut down and it is a clerical union strike. this is in its second week and the good news is that it is sending--the strike is costing a billion dollars a day. we're also watching the oil companies. this year to avoid the tax with the fiscal cliff. >> a warning from the centers for disease control this coming flu season could be a particularly bad one. if you have not got a flu shot, you might want to consider it. dr. randy bergen with kaiser in walnut creek says that the strain of the flu is also more polled net this year which is why everyone over the age of 6 months to get a flu shot. especially those most at risk. many people avoid the flu shot out of fear that it will give them the flu. not true says dr. bergen. >> according to the cdc's more than a third of americans have been vaccinated, and the
they're all concerned about the upcoming fiscal cliff. u.s. factory productions-- hope seems to be growing dimmer that we will avoid this. >> watching pandora. the internet radio co. will be giving their quarterly numbers. the airports have been shut down and it is a clerical union strike. this is in its second week and the good news is that it is sending--the strike is costing a billion dollars a day. we're also watching the oil companies. this year to avoid the tax with the fiscal...
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congress before the big fiscal cliff fight. it's time for the house freshmen to choose their offices. on friday, the reps picked their office number from the congressional office lottery, where they were apparently encouraged to do some sort of superstitious dance to help pick the best number, and they did not disappoint. that's a cartwheel, that's a congressman's aide, another aide apparently played journey's "don't stop believing" on their phone before giving it a go. yeah, they are taking it seriously. >>> in just a couple hours from now, the kennedy center honors gala begins. including led zeppelin, david letterman and dustin hoffman. right now, the president out enjoying some afternoon golf with those guys. former president bill clinton, former dnc chair terry mccauliff and ron kerr. it's the president's third outing since winning reelection. only the second time ever, though, he has played golf with former president clinton. president obama has a full day today. >>> coming up, as another u.s. base comes under attack in af
congress before the big fiscal cliff fight. it's time for the house freshmen to choose their offices. on friday, the reps picked their office number from the congressional office lottery, where they were apparently encouraged to do some sort of superstitious dance to help pick the best number, and they did not disappoint. that's a cartwheel, that's a congressman's aide, another aide apparently played journey's "don't stop believing" on their phone before giving it a go. yeah, they are...
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is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- rr s -- rrm, it'emy 2%, it can't be solved. i think there's broad recognition of that reality now. >> okay, julia. see, this is the problem with men. on sunday morning geithner went on "meet the press" like they're going to cave. >> that's not good tactics for negotiations. >> get him out and get some women -- the congresswoman we had on the other day, the republican congresswoman, mcmorris rogers. sorry about that, really tired, she's fantastic. get her at the table more. get more women to the table because that's just not the way to negotiate. i agree with the administration's position on this. >> the treasury secretary yesterday goes oh, yeah. we can go over the fiscal cliff. >> don't you think that's going to make everybody feel really good, the markets. >> the republicans are doing the same thing. somebody has to be better. >> but the republicans don'
is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- rr s -- rrm, it'emy 2%, it can't be solved. i think there's broad recognition of that reality now. >> okay, julia. see, this is the problem with men. on sunday morning geithner went on "meet the press" like they're going to cave. >> that's not good tactics for...
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Nov 29, 2012
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we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to release his report into a phone hacking. the investigation lasted 12 months. the report will make recommendations on future press regulations and is expected to criticize politicians and police. david cameron will be making a statement in response to the report. c-span is covering these events. jay rockefeller is weighing in on this investigation saying that he hoped the report would contain to clear the air and hold the media organizations involved accountable for their deplorable conduct. "i understand the main goal is to make policy recommendations.
we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to...
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could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts
could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth...
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who do you trust to handle the fiscal cliff? 48% believe president obama and republicans will reach an agreement but 43% say they won't. meantime, president obama is giving a stern warning to republicans who may be trying to use the debt ceiling as leverage. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until we did it last year, i will not play that game. >> we should say that the president and house speaker john boehner did speak by phone yesterday. that was the first time in a week. no one is saying what the conversation was about. shortly after that call treasury secretary tim geithner went on cnbc and said the white house is ready to go off the cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on
who do you trust to handle the fiscal cliff? 48% believe president obama and republicans will reach an agreement but 43% say they won't. meantime, president obama is giving a stern warning to republicans who may be trying to use the debt ceiling as leverage. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until...
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in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek another term. at some point there was a plan for him to forecast his future. the timing of doing it right now certainly caught people by surprise. but it also is a point where it tells you that he feels comfortable that the voice of objection on some things has been the seed has been filled here. he's got a mike lee of utah, rand paul of kentucky, who can fill some of the void that he would be leaving. it really is also, perhaps, good news for someone like mitch mcconnell, he can with his own reelections coming up not have the counterweight of jim demint's considerable presence within the chamber. so
in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek...
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>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead story -- one of the top stories on the front page of the "wall street journal" suggesting the president is flexible on the tax hikes, that sounds like a deal might get done. you see a gain of 50 or 60 points. gdp up 2.7% from 2%. there was concerning things when you dig into the numbers, it's all fiscal cliff all the time here, chuck. >> oh, hopefully, as you guys say, it will all -- people will rise above, right, becky? >> that's right. >> i know. i see the button. up next, we're taking a deep dive into the u.s. relationship with afgha
>> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead...
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let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it may not be the worst possible option to just go over the cliff and then put back in the tax cuts and the spending increases or renewals that you'd like to put ba
let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be...
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>> the fiscal cliff. >> stephen: fiscal cliff, yeah. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new book here called the outpost, an untold story of american valor. this is about the war in afghanistan. >> it's about one combat outpost in afghanistan, 14 miles from the pakistan border, built at the bottom of three very steep mountains, built in 2006. and overrun in 2009 by the taliban. >> stephen: let's put a picture of this space right here. >> t
>> the fiscal cliff. >> stephen: fiscal cliff, yeah. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of...
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tell me where you stand on fiscal cliff. what's going to happen here, congresswoman? >> well, i am hoping because i'm the kind of person that always worked across the aisle. in fact on my foreign-ones committee, kay granger and i have been called the odd couple, we work well together. i've spoken to hal rodgers, chairman of the appropriations committee, i'm optimist being that we can sit at the table and get these things done. comprehensive tax reform is going to take longer, but we can make sure that the middle class keeps its tax cuts. we can make sure we target some waste. you can have across-the-board cuts. we have to have a very clear plan to cut back on certain areas. we can't cut back on programs that benefit the working and the middle class. we have to make sure our kids are educated. we have to make sure they have health care. but there are places in the bill that we can cut, and we don't want to do it with a sledge hammer. we're wise enough to be able to use a scalpel. so, again, i hope that we can sit together, work something out and do it soon. frankly, th
tell me where you stand on fiscal cliff. what's going to happen here, congresswoman? >> well, i am hoping because i'm the kind of person that always worked across the aisle. in fact on my foreign-ones committee, kay granger and i have been called the odd couple, we work well together. i've spoken to hal rodgers, chairman of the appropriations committee, i'm optimist being that we can sit at the table and get these things done. comprehensive tax reform is going to take longer, but we can...
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the fiscal cliff is getting closer. then on the threat of panic, force through some deal to maintain the status quo for taxes, more spending, more debt. it would be presented to the senate in a way that if it's not adopted immediately, the country will be in great fiscal danger. this process. -- this process needs to be taken out of the shadows. we need public debate, and people would know the facts that are now being hidden from us and hidden from members of congress. we don't know what's going on. the latest article in "politico" today said the deal -- the so-called deal has been negotiated by the speaker of the house and the president, not even harry reid is in the meetings, apparently. certainly not the members of the united states national or the members of the house of representatives -- united states senate or the members of the house of representatives. and if we had a public debate, people would discover that according to the c.b.o. mandatory spending is going to increase -- increase nearly 90% over the next te
the fiscal cliff is getting closer. then on the threat of panic, force through some deal to maintain the status quo for taxes, more spending, more debt. it would be presented to the senate in a way that if it's not adopted immediately, the country will be in great fiscal danger. this process. -- this process needs to be taken out of the shadows. we need public debate, and people would know the facts that are now being hidden from us and hidden from members of congress. we don't know what's...
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we're having all these discussions about the fiscal cliff. we need to start thinking about what are our priorities because that's what the budget decisions mean we have to make tough decisions about where to invest and we know from research, david brooks writes about this all the time, money spent early on has a much greater return on investment than trying to fix the problem down the road. >> you're a message guy and one decision has to be made, you can't just sell we have to help the children. >> yeah. >> it has to be one of those issues. they're all important. it doesn't get you anywhere. >> no, i agree. we're trying to get the people to get their attention. >> is it health care? is it poverty? >> well, part of the health care and portable care act. the real return on investment is early investment in pre-k, early education, nurturing, bonding with mothers, all that kind of early pre-k investment is where the real payoff comes. so that's where i think -- it's across the board and attention across the spectrum about kids, their health, educ
we're having all these discussions about the fiscal cliff. we need to start thinking about what are our priorities because that's what the budget decisions mean we have to make tough decisions about where to invest and we know from research, david brooks writes about this all the time, money spent early on has a much greater return on investment than trying to fix the problem down the road. >> you're a message guy and one decision has to be made, you can't just sell we have to help the...
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a thelma and louise fiscal cliff strategy? i can only imagine. >> reporter: this is another one of the theories you hear. nobody wants it believe, alex, we are actually on the verge of going over this fiscal cliff after everything we've seen in the last several years, all the disagreement, all the partisanship, brinksmanship people can't believe after the election we had these two sides can't come together and agree to avert what everybody thinks will be economic catastrophe. we will go over the fiscal cliff come january 1st, one theory, will make it easier for john boehner and republicans for that matter to vote for higher taxes on the healthy. in other words they would be voting to cut taxes for 98% of americans while allowing them to stay where they are. because remember, after january 1st those bush tax cuts expire. they rise for everybody. again, there are conspiracy theories everywhere. you saw the hardball offer put forward by the white house late in the week on thursday when tim geithner went up to congress and present
a thelma and louise fiscal cliff strategy? i can only imagine. >> reporter: this is another one of the theories you hear. nobody wants it believe, alex, we are actually on the verge of going over this fiscal cliff after everything we've seen in the last several years, all the disagreement, all the partisanship, brinksmanship people can't believe after the election we had these two sides can't come together and agree to avert what everybody thinks will be economic catastrophe. we will go...
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the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next year. it all comes down to leverage. democrats see that they have the leverage here because look at most recent polls today. if you look at this week, if you look at recent polls out this week, it shows that a majority of americans say if there is no deal, if we go over the fiscal cliff, they will blame republicans and not democrats or the president. you can be sure everyone is watching those polls. the debt ceiling if you can believe it, i know christine is rolling her eyes over there, the debt ceiling is becoming a part of this. >> that dialogue has been going on for quite some time now. at the en
the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next...
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that being said, before we talk about fiscal cliff, we'll get because the last fiscal cliff. we had another fiscal cliff types of new with the debt limit to create a center that led to this ridiculous idea that i voted against that let's put a bunch of bad things to happen at one time because that will force washington to do something. surprise, it didn't work. here we are again. so we have to issues. number one is an immediate term to avoid doing damage. that's to avoid doing harm. so we need to look for a way to accomplish that in the short term. then we have had a conversation about getting the fiscal house in order it's just fundamentally true. we spend a trillion dollars a year more than we take in to assist attack. i approached this issue that the only way we can get that in order is to rapid economic growth. there's no taxes to raise. what the presidential post does not raise enough revenue, but it will make a dent on job creation, particularly middle-class job creation. so that's why i oppose this blanket instead i think we should do real tax reform. if there are loop
that being said, before we talk about fiscal cliff, we'll get because the last fiscal cliff. we had another fiscal cliff types of new with the debt limit to create a center that led to this ridiculous idea that i voted against that let's put a bunch of bad things to happen at one time because that will force washington to do something. surprise, it didn't work. here we are again. so we have to issues. number one is an immediate term to avoid doing damage. that's to avoid doing harm. so we need...